Ahmed Is Developing a Social Report for His Employer,a Major

question 41

Multiple Choice

Ahmed is developing a social report for his employer,a major airline company.He formulates the report around a series of checklists focusing on community,employees,customers,suppliers,environment,shareholders,and international operations.He is Assessing such factors as transparency and stakeholder involvement.Ahmed is probably using the_________ Guidelines for Corporate Social Performance.

• A)Conference Board of Canada's
• B)Good Company
• C)Global Reporting Initiative's
• D)CICA
• E)Sustainability Reporting

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Definitions:

Standard Quantity

The predetermined or expected amount of materials required to complete one unit of a product, used for budgeting and costing purposes.

Standard Price

The predetermined cost that a company expects to pay for goods and services; used in budgeting and cost control.

Actual Materials

The real quantity and cost of materials used in the production process, as opposed to estimated or standard materials.

Material Price Variance

The difference between the actual cost of direct materials used in production and the standard cost of those materials.